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Business for Sale Summary

Profitable Bagel Store & Deli on Manhattan's UES - 30875

Business Type: delicatessen/catering services,other eating & drinking places,other food stores,restaurant/ cafes,best deals!,illness forces sale!,new to market,bagel stores
Profitable Bagel Store & Deli on Manhattan's UES
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This business has received 63 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $175,000 Down Payment $175,000
Gross Revenues $1,208,000 Lease Remaining Register Free to View
Owner’s Cash Flow $132,000 Number of FT Employees Register Free to View

Financing

$175,000 Down and Please make your best all down offer!

Business Description

Price Just Reduced! Make Your Best All-Down Offer! After all expenses, this business nets $132,000/year and its owner is Only Asking $175,000 (just 1.3 times its net). The owner of this bagel store and deli, located at a very busy corner location on Manhattan's UES, can no longer give this business the attention it deserves. He must look after his ailing wife. In-store gross sales average $17,000/weekly, of which 30% is on credit cards, and the rest is in cash. Internet orders account for another $27,000/month, and that's net of delivery fees. The seller will explain how these numbers can be increased by a new owner, who is able to devote more of his time to the business. The landlord stands ready to extend the lease to at least a total of eight years and maybe ten. You will find 400 square feet at street level and another 400 square feet of usable space in the basement. The store is loaded with equipment, such as two walk-in boxes, an ice machine, a deli case, two lowboys, a tall refrigerator, a salad bar, two small freezers, an electric grill, a conveyer oven, a juicer, coffee makers, soda cases and more. You are well-advised to add an ice cream case to the mix. Please be very discreet when visiting this location, as the employees and customers do not know it's for sale. Then, kindly contact the listing broker, Jay Goldman, to make an appointment to meet with the seller to ask some questions and get a full tour. Please call 1-877-735-5224 for further information. Make your best all-down offer, as this one won't last long!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. kg

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.